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January 11, 2010
Moving Day for Boymelgreen
Brownstoner
Crain's reported last week that beleaguered developer Shaya Boymelgreen was set to get evicted from his Pacific Street headquarters by today, so it was no surprise that a tipster happened to see him parked in his SUV in the parking lot of 752 Pacific Street along with a couple of moving trucks. As you may recall, Boymelgreen had illegally agreed to sublet the building to Forest City Ratner as part of the Atlantic Yards development. Since a judge ruled in the landlord's favor last spring, Boymelgreen has not been paying rent on the space. The eviction is only one of many problems facing the developer. He has myriad lawsuits and financial problems involving failed real estate projects and a bank he founded four years ago.
Posted by eric at January 11, 2010 2:13 PM